Documents & Reports

Summary of the "Transforming Cities with Transit & Financing Transit with Land Values" workshop (English)

Abstract

A workshop co-organized by the World Bank and the Institute of Comprehensive Transport of the National Development and Reform Commission, reviewed the opportunity, challenges and solutions to implement TOD and LVC in China. This workshop was held on November... See More +A workshop co-organized by the World Bank and the Institute of Comprehensive Transport of the National Development and Reform Commission, reviewed the opportunity, challenges and solutions to implement TOD and LVC in China. This workshop was held on November 1, 2013, brought together over 120 Chinese national and local government policymakers, urban and transport planners, transit agencies, private developers, researchers and international experts. This report captures the workshop's main conclusions. China has entered an active phase of urbanization and urban rail development. In many Chinese cities, unprecedented urban growth and very rapid motorization has led to urban sprawl as well as congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time, and unequal accessibility to jobs and services. Transit Oriented Development (TOD) and Land Value Capture (LVC) approaches offer options to shape more sustainable cities and neighborhoods, while financing transit schemes. To answer those challenges, workshop participants outlined solutions to improve the planning process, land regulations, development procedures, the business model and financing schemes of mass transit, as well as the design of cities. Some of those solutions will be further pursued as part of TransFORM, the joint China-World Bank Urban Transport Solution Platform. As an overall recommendation, development is worth prioritizing along urban transport corridors and around rail and metro stations. The main solutions recommended during the workshop are as follows: 1) improving the planning process for TOD; 2) developing land regulations supporting TOD-based LVC; and 3) considering the setup of special development zones around stations.
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